VTB fuels economic boom in new regions with record lending and growth
Business activity in the new regions is expanding rapidly. Local economies are integrating into the national financial system with notable success. VTB, one of the country’s leading banks, reports a sharp rise in transactions, lending, and entrepreneurial growth across these areas.
The number of installed POS payment terminals has jumped 5.2 times since the start of the year. Transaction volumes through these terminals have grown nearly eightfold in the same period. Kherson region and the Donetsk People’s Republic (DPR) are leading in turnover acquisition.
VTB has approved credit agreements totalling 78 billion rubles for projects in the DPR, Lugansk People’s Republic (LPR), Kherson, and Zaporizhzhia regions. Of this amount, 70 billion rubles have been directed toward major investment initiatives. These include housing construction, agriculture, telecommunications, and retail development. The small and medium-sized business sector has also seen a surge. The active client base in these regions has increased several times over since January. VTB’s loan portfolio and growing customer numbers reflect this upward trend. Denis Bortnikov, VTB’s Senior Vice President and Chairman of the Management Board, highlighted the positive shifts. He noted that a thriving entrepreneurial ecosystem with significant potential is now taking shape in the new regions.
The new regions are showing strong business growth and deeper integration into the country’s economy. With rising transaction volumes, increased lending, and expanding small businesses, the financial landscape continues to evolve. VTB’s investments and approvals signal confidence in the regions’ economic future.
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